SPS Commerce Inc (SPSC)

Return on assets (ROA)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	65,824	62,728	61,749	57,820	55,134	51,984	47,570	47,000	44,597	45,302	45,260	46,271	45,586	41,278	38,812	36,414	33,712	31,691	30,811	27,431
Total assets	US$ in thousands	823,844	787,408	735,538	696,927	672,914	637,090	622,776	613,308	615,846	591,283	572,278	549,837	526,458	487,686	461,663	439,819	447,440	426,597	418,607	407,197
ROA		7.99%	7.97%	8.40%	8.30%	8.19%	8.16%	7.64%	7.66%	7.24%	7.66%	7.91%	8.42%	8.66%	8.46%	8.41%	8.28%	7.53%	7.43%	7.36%	6.74%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $65,824K ÷ $823,844K
= 7.99%

SPS Commerce Inc.'s return on assets (ROA) has shown relatively stable performance over the past eight quarters. The ROA has ranged from 7.64% to 8.40%, with a slight upward trend in recent quarters. This indicates that the company is generating a consistent level of net income relative to its total assets, which is a positive sign for investors and stakeholders. Overall, the company's ability to generate returns from its assets appears to be in good shape based on the ROA trend.